KLA-Tencor Corp (KLAC) : Old Dominion Capital Management Inc has sold out all of its stake in KLA-Tencor Corp during the most recent quarter, according to the disclosure filed by the company on Aug 2, 2016 with the SEC. The investment management company has sold out 12,129 shares of KLA-Tencor Corp which is valued at $922,896.
Other Hedge Funds, Including , Cibc Asset Management Inc boosted its stake in KLAC in the latest quarter, The investment management firm added 231 additional shares and now holds a total of 16,468 shares of KLA-Tencor Corp which is valued at $1,253,050. KLA-Tencor Corp makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.New York State Teachers Retirement System reduced its stake in KLAC by selling 5,196 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 264,740 shares of KLAC which is valued at $20,136,124. KLA-Tencor Corp makes up approx 0.05% of New York State Teachers Retirement System’s portfolio.
KLA-Tencor Corp closed down -0.61 points or -0.79% at $77.02 with 5,16,865 shares getting traded on Monday. Post opening the session at $77.61, the shares hit an intraday low of $77.02 and an intraday high of $77.63 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, KLA-Tencor Corp reported $1.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.35 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.42. The company had revenue of $919.17 million for the quarter, compared to analysts expectations of $842.10 million. The company’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.
Many Wall Street Analysts have commented on KLA-Tencor Corp. Company shares were Reiterated by Cowen on Jul 29, 2016 to “Market Perform”, Firm has raised the Price Target to $ 79 from a previous price target of $70 .
KLA-Tencor Corporation is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in various other industries including the light emitting diode (LED) and data storage industries as well as general materials research. KLA-Tencor’s products and services are used by bare wafer integrated circuit (IC) lithography reticle and disk manufacturers around the world. These customers turn to the Company for inline wafer and IC defect monitoring review and classification; reticle defect inspection and metrology; packaging and interconnect inspection; critical dimension (CD) metrology; pattern overlay metrology; film thickness surface topography and composition measurements; measurement of in-chamber process conditions wafer shape and stress metrology; computational lithography tools and overall yield and fab-wide data management and analysis systems.